Meanwhile, in the continuing saga of Washington's budget wars, House Budget Committee Chairman Paul Ryan will release his budget proposal Tuesday.
The U.S. Treasury Department will also release data on tax and revenue collection and federal spending in February later in the day.
U.S. stocks continued their record run Monday. The Dow Jones industrial average climbed 0.3%, closing at a record high for the fifth consecutive day.
Bulk retailer Costco(COST) shares rose after announced better-than-expected earnings for its fiscal second quarter early Tuesday, although the revenue increase came in short of forecasts.
Yum Brands(YUM) shares rose in premarket trading after the company -- which owns Taco Bell, KFC and Pizza Hut brands -- reported a smaller-than-expected drop in same-store sales at its China locations.
Shares of Cabela(CAB) spiked after the sporting goods retailer issued strong guidance.
Urban Outfitters(URBN) shares fell early after the company reported earnings just short of analysts' forecasts for the third time in the last five quarters.
Best Buy(BBY) shares were also higher in premarket trading after Goldman Sachs resumed coverage of the stock with a buy recommendation early Tuesday.
Apple(AAPL) shares edged lower after a late-day spike Monday.